Leon's, The Brick Deal Complete

March 28, 2013  by in UnCategorized   

By Home Furnishings Business in Acquisition on March 29, 2013

The Leon's Furniture (LNF.TO) acquisition of home furnishings retailer The Brick (BRK.TO) is complete.

Under the deal, Leon's acquired all outstanding common shares of The Brick at $5.40 per share and all of the outstanding common share purchase warrants of The Brick for $4.40 per warrant.

With the completion of the plan of arrangement, the common shares and common share purchase warrants of The Brick will cease to be listed for trading on the Toronto Stock Exchange on or about April 1.